SC man stole more than $44,000 from nonprofit and spent it on himself, SLED says
A Columbia man was arrested for stealing more than $44,000 from the nonprofit organization where he used to be the executive director, according to the South Carolina Law Enforcement Division.
Darrel President Sr., 56, was charged with breach of trust with fraudulent intent ($10,000 or more) on Oct. 16, SLED said in a news release.
Between May 19, 2023 and Feb. 29, 2024, President took funds from Greenbrier Resource Community Development Center and spent the money on “his personal enrichment,” according to an arrest warrant and affidavit shared by SLED.
“Darrel President did knowingly, willingly and without the the lawful authority to do so, take, steal or convert to his ownership, more than $10,000 from Greenbrier Resource Community Development Center where he was an authorized signer on the bank account for (the nonprofit organization) and in a position of financial trust,” an arrest warrant said.
The money — approximately $44,220 — was taken after the nonprofit had received $100,000 in state funded grants to build a community center in Fairfield County, the affidavit said.
President withdrew the money from the nonprofit’s bank account without the approval or knowledge of the organization’s board members, according to the affidavit.
There was no word about what personal items President bought with the stolen money, or if all of it was spent.
When President was questioned by the nonprofit’s board members he admitted to withdrawing the money and agreed to repay the funds, according to the affidavit.
“President began making payments back for the funds fraudulently withdrawn in June 2024,” the affidavit said.
SLED said President was booked into the Fairfield County Detention Center. Information about President’s bond was not available.
President will be prosecuted by the 6th Circuit Solicitor’s Office.
If convicted on the felony charge, President maximum punishment of 10 years in prison, according to South Carolina law.
In 2018 and again in 2022, President unsuccessfully ran for a seat on the Richland 2 school board.
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